FOR IMMEDIATE RELEASE
Richmond, VA – (June 16, 2006) According to President, Rebecca Harik, “BetterType has its roots in a company that my father first started in 1953. When he sold his company in 1996, we had to start BetterType and take what he did at a local level and apply it nationally. We were very lucky as we became a leading nationwide distributor of printer supplies. With the sale to The Supply Room, we can now expand on that reputation and take it to the next level”.
Founded in 1996, BetterType is a leading nationwide distributor of office supplies and printer supplies – specializing in toner for laser, inkjet, facsimile and copier equipment. The company has over 1,700 active customers including numerous federal, state, and local agencies.
With long standing relationships with major wholesalers and a nationwide business that is highly focused on supplies for laser printers, fax machines, and copiers, BetterType was a great fit for someone like The Supply Room. Not only could it bring expertise in printer supplies, it could also introduce them to many new customers for their other lines of businesses.
The Supply Room Companies was founded in 1986 through the merger of three companies. Through internal growth and additional acquisitions, the Company now provides customers with a single source for most anything in the office including supplies and furniture through locations in Richmond, Fredericksburg, Ashland, Harrisonburg, Sterling, Charlottesville, Norfolk, Roanoke, Lynchburg and Jessup, Maryland. In 2000, Yancey S. Jones, President of The Supply Room Companies, was awarded Virginia’s Entrepreneur of the Year.
Transact Capital served as the exclusive financial advisor to the owners of BetterType and assisted them in finding a number of qualified buyers for their company and negotiating the sale. The sale enabled the owner to keep her job.
Transact Capital is an independent mergers and acquisitions advisory firm headquartered in Richmond, VA with offices in Roanoke, VA, Lexington, KY, and Orlando, FL. Transact focuses on the needs of small privately held companies with less than $100 million in revenues. With extensive experience in owning, running, or investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities.
To learn more about Transact Capital, please call Steve Zacharias at 804-323-6868 ext. 102 or send an e-mail to Steve at Steve@TransactCapital.com.